AFC Gamma (NASDAQ:AFCG - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect AFC Gamma to post earnings of $0.33 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. AFC Gamma had a net margin of 21.97% and a return on equity of 12.41%. The firm had revenue of $19.96 million during the quarter, compared to analysts' expectations of $16.48 million. On average, analysts expect AFC Gamma to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AFC Gamma Trading Up 0.9 %
AFC Gamma stock traded up $0.09 during midday trading on Wednesday, hitting $9.94. 232,425 shares of the stock were exchanged, compared to its average volume of 146,750. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.11. AFC Gamma has a 52 week low of $8.06 and a 52 week high of $13.35. The company has a fifty day simple moving average of $10.19 and a two-hundred day simple moving average of $10.77. The stock has a market capitalization of $205.46 million, a PE ratio of 13.62 and a beta of 1.05.
AFC Gamma Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.32 annualized dividend and a yield of 13.28%. AFC Gamma's dividend payout ratio is 180.82%.
Wall Street Analysts Forecast Growth
AFCG has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their target price on AFC Gamma from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, September 3rd. Compass Point upgraded AFC Gamma from a "sell" rating to a "neutral" rating and decreased their price objective for the stock from $10.00 to $9.00 in a report on Friday, August 16th. Finally, Seaport Res Ptn raised AFC Gamma to a "strong-buy" rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AFC Gamma has a consensus rating of "Moderate Buy" and a consensus price target of $11.00.
Read Our Latest Research Report on AFCG
About AFC Gamma
(
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AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.
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